bear-stearns
—>If you're looking to see the collapse of Bear Stearns explained using the British defeat at Gallipoli as an example of disastrous overconfidence, you can do no better than Malcolm Gladwell's new piece in the New Yorker. Be forewarned, however, that Wall Street apparently thinks it's a load of crap. More »
—>WallStreetFighter has listed 5 more Wall Street dudes that deserve the old "Dick Fuld" right in the face. Guess which Wall Street loser is most punchable? More »
—>It's one thing to understand what just happened to the financial markets, and yet another to actually be able to explain what just happened. Thankfully, Steven Levitt from Freakonomics walked down the hall and found two economists from the University of Chicago (Doug Diamond and Anil Kashyap,) who gave him the best explanation I've been able to find about what the hell just happened. More »
—>Meet Tracy Warren. NPR says she's not surprised by the mortgage meltdown because she was supposed to be in charge of preventing it. Tracy worked for a quality control contractor that reviewed subprime loans for investment banks before they were sold on Wall Street, and her company's biggest client was none other than Bear Stearns. Tracy says she found plenty of loans to reject. The trouble is, according to Tracy, after she rejected them... her bosses unrejected them. More »
n+1: So can you tell me what happened with Bear Stearns? What were the steps? More »
—>Bear Stearns CEO James Cayne is expected to step down as CEO due to pressure by pissed off shareholders , reports the Wall Street Journal. More »
